- #1

vladimir69

- 130

- 0

i have been working on an Options assignment, and i have this formula as one of my answers:

[tex]X_{t}=\left\{\begin{array}{cc}X_{t-1},&\mbox{if } S_{t} < S_{t-1}\\aS_{t},& \mbox{if } S_{t}\geq S_{t-1}\end{array}\right[/tex]

where a is a constant. the question however asks for a "single equation", would the equation(s)? i have defined above be ok? is there a way to rewrite this not using a piecewise function. hopefully you know what i mean.

thnx

vladimir